Technical analysis by ProjectSyndicate about Symbol PAXG: Sell recommendation (4/28/2025)

ProjectSyndicate

🏆 Gold Market Mid-Term Update📊 Technical Outlook Update🏆 Market Overview▪️broke above 3 000 USD▪️3250 USD S/R cleared as well▪️Tested 3500 USD key S/R ▪️Rejection at 3500 USD key S/R▪️pullback in progress currently▪️locked inside range trading▪️3275/3365 usd active range▪️break below 3245 - BEARS take over▪️break above 3385 - BULLS take over▪️Bulls targets - 3450/3550 USD▪️Bears targets - 3050/3150 USD⭐️Recommended strategy▪️Wait for a breakout▪️LONG/SHORT after breakout🔥 Key Drivers to Watch🌍 Geopolitics & Trade🇺🇸🇨🇳 U.S.–China Tariffs: Escalation continues pushing inflation fears & gold demand🇪🇺 EU–U.S. tariffs (25%) are further straining global trade💵 Weaker USD = stronger gold sentiment🕊 Russia–Ukraine Ceasefire Talks🗓 May 9 (Victory Day): Symbolic date eyed for a possible ceasefire announcement🇷🇺 Parade vs 🇺🇦 EU leaders visiting Kyiv — all eyes on peace prospects☢️ U.S.–Iran Nuclear Deal🗓 April 28: Talks in Rome🇮🇷 Iran shows readiness — possible easing of Middle East tensionsso far according to plan. strong bounce / reversaloff the range lows. we are still locked in range.Is EURUSD getting ready for another 600 pips bull run?100% according to plan so farEURAUD H2 compression BUY/HOLD +150/300 pipsBROKE below 3245 USD, dump in progress, TP is 3155/3165 USDHow to Trade Gold with AI-Powered Algos in 2025GOLD H1 / 3285 USD & 3155 USD key BUY/SELL LevelsGOLD H8 Update: Bulls will target 3600 USDWhy Gold Is Pulling Back Now – May 2025 UpdateGold Market Update: Bears will target 3150 USD